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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- USDCAD at 1.3737 has pulled a little further off earlier highs of 1.3755 as the partial bounce in the S&P e-mini and crude futures holds, although the lift in equities is for now limited by the White House’s Kirby saying a ceasefire would only benefit Hamas.
- CAD sits a little below the middle of the pack on what’s a mixed day for G10 FX, whilst of the high beta peers it notably underperforms AUD but equally easily outperforms an oil-tied peer in NOK.
- The pair hasn’t yet tested resistance at a bull trigger of 1.3786 (Oct 5 high), clearance of which would confirm a resumption of the uptrend and open 1.3862 (Mar 10 high).
- The BoC tomorrow could have limited impact with heightened sensitivity to geopolitical risk, but could help steer subsequent trends. Tomorrow sees light option expiry at the NY cut landing also at 1000ET.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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